Crazy Wall of Worry

The Wall of Worry can make for crazy trading days and days of boredom as we have seen in the past few weeks. Friday was the 21st day the SPY has closed over the T-Line which suggest the market is happy with last weeks round of earnings. Today is the start of another full week of earnings and the sane can be applied. Each day we will have earnings and each day we will monitor price action and where it is in relationship to the T-Line. If the price closes below the T-Line but closes in the band, consolidation, and opportunity maybe around the corner. Closing below the bands altogether puts the sellers in the driver seat, and we may have to alter our direction. Let’s keep watch on the VIX- chart; price is curtly flirting with the 200-SMA on the 15-min chart, And the 200-SMA is tilted upwards because of the big move the VIX- did a few bars back.

📽 In my youtube channel, you will find hundreds of videos. It’s free and can be very educational. I hope you take some time and look them over.

✅ The following are eight trade ideas I am adding to my watch-list for consideration over the next few days.. URI, TXN, SYMC, NKE, LULU, GS, ANF, ADBE.


Game Changer: 
Live Trading Alerts – A tool that saves a trader time, focuses their attention onto the few stocks/ETFs (at any given second of the day) that exhibit EXACTLY the behavior (price pattern, signal and movement) a trader desires. No flipping through charts, no waiting on someone to recommend a chart, no missing trades or uncertainty about when to act…just actionable, real-time alerts of specific trade setups.
You know your the best when other educations use your work.

Free YouTube Education  •  Subscription PlansPrivate 2-Hour Coaching

DISCLAIMER: Investing / Trading involves significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc, its affiliates or representatives is not financial or trading advice. All information provided by Hit and Run Candlesticks Inc, its affiliates and representatives are intended for educational purposes only. You are advised to test any new trading approach before implementing it.  Past performance does not guarantee future results.  Terms of Service

Buckle Up It’s Friday

The SPY closed with a Doji yesterday above the T-Line and the T-Line Bands in a bullish trend. Yesterday produced a pretty good battler between the buyers and sellers. The DIA’s made it down to the lower band support line and close up near the mid support band line. The VIX-X chart also played in yesterdays fun popping up to $13.29 before closing at $13.25. The VIX-X closed over the T-Bands with higher lows and a little bottom construction. I doubt the VIX-X is finished with it’s fun in the playground. There is a bit of fear starting to brew, and the VIX-X chart is a great place to watch it unfold. Note that if the Fear rises the SPY may fall below the T-Line and test the lower T-Band. Buckle up; it’s Friday.


Game Changer: 
Live Trading Alerts – A tool that saves a trader time, focuses their attention onto the few stocks/ETFs (at any given second of the day) that exhibit EXACTLY the behavior (price pattern, signal and movement) a trader desires. No flipping through charts, no waiting on someone to recommend a chart, no missing trades or uncertainty about when to act…just actionable, real-time alerts of specific trade setups.
You know your the best when other educations use your work.

Free YouTube Education  •  Subscription PlansPrivate 2-Hour Coaching

DISCLAIMER: Investing / Trading involves significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc, its affiliates or representatives is not financial or trading advice. All information provided by Hit and Run Candlesticks Inc, its affiliates and representatives are intended for educational purposes only. You are advised to test any new trading approach before implementing it.  Past performance does not guarantee future results.  Terms of Service

MMM Earnings Spanking DIA’s

Pre-market earnings on MMM giving the market a little spanking. It Looks like the DIA’s will be testing around the T-Line today after closing bullishly above the T-Line for the past 8-days. VXXB closed yesterday with a Bullish Morning Star pattern suggesting the nervous traders are getting a bit more nervous, and the FANG ETF chart is whipping around this morning. The SPY seems to be holding up in the Pre-market, but it’s early as I write this blog. It’s looking like today will test the confidence of many traders, having a solid risk plan on each position held will help to keep calm and focused. The close yesterday suggested the market was in for a little profit taking today, even with minor (emphasis on minor) profit taking the SPY and the overall market is still trending. The Live Trading Alerts Scanner will be very helpful today with charts alerting Bullish or Bearish Action.

Hit and Run Candlesticks trade Ideas for consideration: TXN, PLUG, FDX, DG, ANF, AMAT, PCG, VXXB

You know your the best when other educations use your work.

Free YouTube Education  •  Subscription PlansPrivate 2-Hour Coaching

DISCLAIMER: Investing / Trading involves significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc, its affiliates or representatives is not financial or trading advice. All information provided by Hit and Run Candlesticks Inc, its affiliates and representatives are intended for educational purposes only. You are advised to test any new trading approach before implementing it.  Past performance does not guarantee future results.  Terms of Service

Strong Earnings Strong Day

Another strong day in the market due to strong earnings. Yesterday marked the 16th day the SPY has closed over the T-Line (8 Expediential moving average). Yesterday’s candlestick closed at $292.88, well over the concerning bearish engulf a few days ago. Price action dipped into the T-Line Bands for a couple of days finding new money before launching an attack on the breakout and new highs. Our outlook remains bullish as long as price action continues to build new highs and higher lows above our lower (RED) T-Band. We will continue to monitor the Live Alert Scanner for buy alerts and setups like the T-Band Moving Up, The RBB Alert, The PBO  Alert, and The 3 X 8 Trap Alert. Did you know there are over 140 pre-built scans/alerts?

Hit and Run Candlesticks trade Ideas for consideration: SWKS, COST, WYNN, BBY, SYMC, T, SPWR, TGT

You know your the best when other educations use your work.

Free YouTube Education  •  Subscription PlansPrivate 2-Hour Coaching

DISCLAIMER: Investing / Trading involves significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc, its affiliates or representatives is not financial or trading advice. All information provided by Hit and Run Candlesticks Inc, its affiliates and representatives are intended for educational purposes only. You are advised to test any new trading approach before implementing it.  Past performance does not guarantee future results.  Terms of Service

Buyers and Sellers Battle

The price action battle is on between the buyers and sellers. Last week the sellers printed a Bearish Engulf on Thursday and follow-through on Friday. Yesterday (Monday) the Buyers printed a Bullish Engulf that covered Friday’s Doji follow-through. The buyers still control the trend, hands down! Using the recent Doji low $288.66 as the pivot low the buys have a chance to use yesterday’s Engulf as a key candle to help with there challenge of higher highs. “Of course the question is will they” As boring as this market has been it’s nice to see the profits/losses and the net gain posted in the trading room. “Thanks, Traders!” The VIX continues to show no fear, which points to a bullish market.

🎁 Trade Alerts with LTA has proven to be the #1 alert system in trading. Serious about making money? LTA will provide alerts to you in real-time on your computer screen based on what you are looking for. Candlesticks signal, chart patterns, or a combination of both and in different time-frames. Do you have a special chart pattern? The team at LTA can create it for you.

✅ Hit and Run Candlesticks trade Ideas for consideration: ZAYO, SPWR, XOP, LULU, MAR, DNR, CRZO, GDDY, CAG

You know your the best when other educations use your work.

Free YouTube Education  •  Subscription PlansPrivate 2-Hour Coaching

DISCLAIMER: Investing / Trading involves significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc, its affiliates or representatives is not financial or trading advice. All information provided by Hit and Run Candlesticks Inc, its affiliates and representatives are intended for educational purposes only. You are advised to test any new trading approach before implementing it.  Past performance does not guarantee future results.  Terms of Service

Ticker CRZO

LTA – Live Trading Alerts

We saw CRZO popping on the scanner this morning when price was about $12.70. What a nice finish! I have it on the LTA scanner hot list looking for a PBO buy alert on a little consolidation. If you have the LTA scanner and need help setting up a hot list just let me know and I will walk you through it. Have a great evening.

Trade Alerts with LTA has proven to be the #1 alert system in trading. Serious about making money? LTA will provide alerts to you in real-time on your computer screen based on what you are looking for. Candlesticks signal, chart patterns, or a combination of both and in different time-frames. Do you have a special chart pattern? The team at LTA can create it for you.

You know your the best when other educations use your work.

Free YouTube Education  •  Subscription PlansPrivate 2-Hour Coaching

DISCLAIMER: Investing / Trading involves significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc, its affiliates or representatives is not financial or trading advice. All information provided by Hit and Run Candlesticks Inc, its affiliates and representatives are intended for educational purposes only. You are advised to test any new trading approach before implementing it.  Past performance does not guarantee future results.  Terms of Service

Friday Follow-Through?

Thursday last week the SPY printed a Bearish Engulf and Friday we did see minor follow-through with Friday’s close below the halfway point of the Bearish engulf and a lower low. Price has closed below our blue tightening wedge lines both Thursday and Friday. On the bright side, the SPY chart trend still has a bullish attitude with price closing Friday above the T-Line Bands. If the sellers can print a lowe close today below the green T-Band $286-285, could see a test. A bullish close over $290.35 would suggest the bulls are not finished with there challenge of the $293.95 high. This is a pretty heavy week of earnings, chose wisely when taking on a position or holding a position. With price action still in the bullish side of the T-Bands, we will remain cautiously bullish and continue to trade with clarity and rules.

Trade Alerts with LTA has proven to be the #1 alert system in trading. Serious about making money? LTA will provide alerts to you in real-time on your computer screen based on what you are looking for. Candlesticks signal, chart patterns, or a combination of both and in different time-frames. Do you have a special chart pattern? The team at LTA can create it for you.

✅ Trade-Ideas for consideration: BKH, PCG, NSP, USO, TZA, KBH, RIOT, LULU, AAPL, CTRP.

You know your the best when other educations use your work.
Rick’s Favorite Charting Software

Free YouTube Education  •  Subscription PlansPrivate 2-Hour Coaching

DISCLAIMER: Investing / Trading involves significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc, its affiliates or representatives is not financial or trading advice. All information provided by Hit and Run Candlesticks Inc, its affiliates and representatives are intended for educational purposes only. You are advised to test any new trading approach before implementing it.  Past performance does not guarantee future results.  Terms of Service

SPY Bearish Engulf

The SPY closed yesterday with a Bearish Engulf and closed below our narrowing pattern (I talked about the narrowing pattern in yesterdays morning blog) When we see a candle signal or pattern has printed it is important to wait for confirmation before making a huge commitment. A close below $289.40 would suggest about $287.30 may be the next pit stop. Of course, if the Bulls find a spark to run with a close over yesterdays high would surely see a challenge of the $293.95 area. Remember tomorrow is Good Friday and the market is closed, we will be treating today as our Friday and pulling a few trades off the table. Having the right tools to do the job is important, we all know that! What would you think if you changed tires for a living and didn’t have a jack, having the right tools is important for success.

Posted 4/17/2019 You can see from the SPY chart (above) the trend channel is narrowing as price moves closer to the SPY all-time high. As price narrows, I will be watching for a decisive break one way or another (Bullish or Bearish). Usually, when price narrows and builds pressure, a move is in the works.

✅ Trade-Ideas for consideration: No trade ideas today. We will call trades from the scanner live today. Will will also post a good setups in the trading room and the App

Drive it for 30-days, your quality of charts will increase. I never leave home without it.
You know your the best when other educations use your work.
Rick’s Favorite Charting Software

Free YouTube Education  •  Subscription PlansPrivate 2-Hour Coaching

DISCLAIMER: Investing / Trading involves significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc, its affiliates or representatives is not financial or trading advice. All information provided by Hit and Run Candlesticks Inc, its affiliates and representatives are intended for educational purposes only. You are advised to test any new trading approach before implementing it.  Past performance does not guarantee future results.  Terms of Service

Price Patterns Narrowing

Another higher low for the SPY, the high had trouble, but the low was higher. Yesterday (Tuesday) was the 12th day above the T-Line Band. The SPY chart does look like it’s determined to challenge the $293.934 September high. Seriously the wall of worry is starting to get to traders, let’s keep it simple: Stay with the charts that are trending and the trend makes sense. Use trend lines and price action (Candlesticks) to determine if the trade is still in your favor. Become a base hitter by pulling off profits as price moves in your direction.

You can see from the SPY chart (above) the trend channel is narrowing as price moves closer to the SPY all-time high. As price narrows, I will be watching for a decisive break one way or another (Bullish or Bearish). Usually, when price narrows and builds pressure, a move is in the works.

✅ Trade-Ideas for consideration: NBR, WDC, RIOT, STX, UCO, HPQ, TIF, CAT, <AR, XOP, UTX. Let the LTA Scanner do you work for you Tryit for 30-days

Drive it for 30-days, your quality of charts will increase. I never leave home without it.
You know your the best when other educations use your work.
Rick’s Favorite Charting Software

Free YouTube Education  •  Subscription PlansPrivate 2-Hour Coaching

DISCLAIMER: Investing / Trading involves significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc, its affiliates or representatives is not financial or trading advice. All information provided by Hit and Run Candlesticks Inc, its affiliates and representatives are intended for educational purposes only. You are advised to test any new trading approach before implementing it.  Past performance does not guarantee future results.  Terms of Service

More Earnings Today

More companies are set to report today, be sure to check your holdings to be sure your comfortable holding a position through earnings. No real decisive move on the SPY other than the buyers did not give up control. Yesterday was another bullish day above the Green T-Line Band, and I don’t see anything in the pre-market that will change the bullish attitude of price action today. The wall of worry continues to worry some; simply follow the chart. A friend asked me yesterday, “is the market going to crash again?” my answer is the same I say to our readers. “Yes I am sure it will someday, but you can’t predict when or live in fear.” Being a short term swing trader and having a trading plan that includes base hits is a solid plan for most traders. A base hit can be anything from $50.00 to $5000.00 or more. It depends on your portfolio size and the amount of stock you hold. As an example, I currently have five contracts of TGT with a $325.00 profit, would that be a base hit or a home run? Different answer for different traders.

✅ Trade-Ideas for consideration: TGT, COST, < BBY, MELI, ZAYO, PCG, SYMC, DLTR. Let the LTA Scanner do you work for you Tryit for 30-days

Rick’s Favorite Charting Software

Free YouTube Education  •  Subscription PlansPrivate 2-Hour Coaching

DISCLAIMER: Investing / Trading involves significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc, its affiliates or representatives is not financial or trading advice. All information provided by Hit and Run Candlesticks Inc, its affiliates and representatives are intended for educational purposes only. You are advised to test any new trading approach before implementing it.  Past performance does not guarantee future results.  Terms of Service

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